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Ken Griffin’s Citadel has raised $1bn through the sale of high-grade bonds on Wednesday to fund a payout to its owners, according to a report by Bloomberg UK.
Intel
During a stellar year for cryptocurrencies, hedge funds specialising in digital assets also posted strong performances – but many still fell short of matching the returns of the industry’s flagship token, bitcoin, according to a report by Bloomberg.Â
Intel
Global hedge funds ramped up their bets against US stocks in the week leading up to 9 January, anticipating a strong US jobs report that triggered a Wall Street sell-off, according to a report by Reuters citing notes from Morgan Stanley and Goldman Sachs.Â
Intel
Point72 Asset Management, owned by billionaire Steve Cohen, plans to return between $3bn and $5bn to investors after achieving significant profits, according to a report by Bloomberg.Â
Intel
Singapore-based hedge fund Modular Asset Management, a spinoff of Millennium Management, is set to establish a presence in Hong Kong, reflecting the city’s ongoing efforts to solidify its status as a global financial hub, according to a report by Bloomberg.Â
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Aaron Weiner, a former partner at Coatue Management, is launching a new long-short equity hedge fund, Atlantic Wolf Capital, with $3bn in initial capital provided exclusively by Izzy Englander’s Millennium Management, according to a report by Bloomberg.
Intel
Point72 Asset Management, the hedge fund founded by Steve Cohen, is entering the booming private credit market with a new strategy headed by Todd Hirsch, a former Senior Managing Director at Blackstone, according to a report by Reuters citing an internal company statement.
Intel
Bridgewater Associates, the world’s largest hedge fund, has laid off 7% of its workforce as part of an effort to remain lean and maintain flexibility for future hiring, according to a report by Reuters citing an unnamed source familiar with the matter.
Intel
Global hedge funds specialising in long-short stock trading achieved their highest average returns since 2020 last year, according to a report by Reuters citing a note sent to clients by Goldman Sachs attributing the gains to steady performance amidst volatile markets.
Intel
New York-based hedge fund major DE Shaw is planning to return billions of dollars to external clients after its flagship hedge funds delivered exceptional double-digit gains in 2024, according to a report by Bloomberg.
